Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 6, 2023 erstellt
Description:
The pandemic has caused significant disruptions to business activities with serious adverse effects on small businesses. The frantic effort to curtail the human-to-human transmission of the virus led to a lockdown of communities and the closing of businesses. In their efforts to remain viable, various survival strategies have been adopted by small enterprise operators, including the adoption and use of digital technology. A ray of light in many small businesses’ darkening sky were ubiquitous and new digital technologies available for use. The adoption of some technologies that were not considered essential by small businesses, such as Zoom, Teams, and other virtual reality related technologies became crucial to avoid a complete shutdown of the global economy. Businesses of all sizes have since acquired and utilized technologies such as virtual teams, Zoom virtual meetings, and synchronous remote learning and training. These technologies enabled remote management of business operations, and facilitated remote conferences and meetings without physical contact among employees. Being cognizant of the severe effects of the pandemic on small businesses, primarily those related to closure and lockdown responses, understanding the crucial role resilience played in keeping business operations going, identifying survival strategies being employed, and realizing the promise inherent in adoption and use of digital technologies by small business, are the building blocks around which the next sections are developed. The more we reflects on these aspects, the better prepared can business owners and policy makers be for future pandemics